New York, Oct. 17 – Citigroup Global Markets Holdings Inc. priced $3.79 million of 14.5% autocallable equity linked securities due April 4, 2024 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The securities will be called automatically at par if the stock closes at or above its initial level on any quarterly valuation date starting March 30, 2023.
The payout at maturity will be par if the stock ends at or above its 50% final barrier.
Otherwise, investors will receive a number of shares per security equal to $1,000 divided by the initial level or, at the issuer’s option, the cash equivalent.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable equity linked securities
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| Underlying stock: | Tesla, Inc.
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| Amount: | $3,792,000
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| Maturity: | April 4, 2024
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| Coupon: | 14.5% per year, payable quarterly
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above final barrier, par; otherwise, receive 3.77003 shares per security or the cash equivalent
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| Call: | Automatically at par if the stock closes at or above its initial level on any quarterly valuation date starting March 30, 2023
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| Initial level: | $265.25
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| Final barrier: | $132.625, 50% of initial level
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| Pricing date: | Sept. 30
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| Settlement date: | Oct. 5
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.5%
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| Cusip: | 173074LH6
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